CAR insurance has skyrocketed as the cost of living keeps soaring.
The average annual premium rose by £284 in 2024 – a 43% increase year-on-year – taking the typical cost to £941.
While that figure from Confused.com is far from affordable for many motorists, there are still several new cars on the market that are relatively inexpensive to insure.
We’ve pulled together a list of the cheapest new cars to insure, ranked on the most competitive insurance quotes available, using consistent criteria to ensure a fair comparison.
Topping the list is the Skoda Fabia, currently the cheapest new car to insure in the UK.
The rest of the rankings are largely made up of superminis and hatchbacks, with a small number of compact SUVs also making the cut.
Encouragingly, there are signs that premiums may be beginning to ease.
Over the past year, average quotes have gradually fallen, with the latest figure standing at around £834.
The Skoda Fabia comes with an annual insurance premium of £237.94.
Bought new, these nippy little motors will set you back around £19,410.
According to Autocar, the Fabia rides better than some luxury cars do and is kitted out with a user-friendly interior.
The downfalls were its hard, scratchy interior plastics.
The Seat Ibiza is second on the list and has remained a firm favourite for drivers since it first launched six years ago.
The annual insurance premium is £240.84, and the car costs £19,795.
According to Autocar’s road tester, Illya Verpraet, the Seat is a “brilliantly modern compact car”.
The car boasts impressive technology that helps to make your journeys comfortable.
Coming in at third place is the Hyundai i10 which is the cheapest of the three at £16,380.
The annual insurance premium is £259.91.
It’s a Tardis of a car, offering up a surprising amount of space for passengers.
It’s one of the best city cars available thanks to its size and state-of-the-art technology.
The Hyundai i10 is surprisingly roomy[/caption]
The Skoda Fabia is the cheapest new car to insure[/caption]
